Squawk on the Street SOTS 2nd Hour: Dan Niles' Tech Trades, Evercore Vice Chair, & Regional Bank CEO Talks Credit Concerns 10/17/25
Oct 17, 2025
Dan Niles, a veteran tech investor and founder of Niles Investment Management, shares insights on the bullish outlook for tech stocks leading to Thanksgiving, despite AI revenue concerns. Krishna Guha, Vice Chair at Evercore ISI, discusses the mixed signals in the economy, including a weakening labor market amid inflation worries. They also address regional bank credit health, refuting fears of systemic issues while highlighting strong consumer loan growth. Plus, the podcast reveals a staggering $300 trillion error in crypto markets.
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Use Alt Data To Read The Labor Market
- Use alternative data like Indeed job postings and Google job searches to gauge labor market trends when official data is unavailable.
- Watch seasonality and relative increases year-over-year to spot weakening in jobs demand.
Market Melt-Up Into Thanksgiving
- Dan Niles expects the S&P to "melt up" into Thanksgiving driven by expected Fed rate cuts and broadening market participation beyond the Magnificent Seven.
- He cites strong guidance from major banks, AI-driven capex, and improving earnings as reasons the rally can continue despite localized risks.
Volatility With Broadening Leadership
- Volatility and VIX gains coexist with fear on sentiment gauges, meaning blowups will occur even as the market broadens.
- Niles thinks rate cuts will pull more sectors higher, reducing concentration in the top seven names.